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ZAIQ TECHNOLOGIES' LOGO DESIGN WINS NATIONAL AWARD

Woburn, Mass. - May 9, 2001 - Zaiq Technologies, Inc., the fastest-growing product development outsourcer for communications infrastructure companies, today announced that the Company and its visual design firm, Monderer Design have received special recognition from American Corporate Identity's 17th annual competition. American Corporate Identity recognized Monderer Design and Zaiq for the innovative design of the Zaiq logo, unveiled in January 2001.

"We are pleased to have our logo recognized by a high-level competition such as American Corporate Identity," said Ray Carlin, president and chief executive officer of Zaiq Technologies. "Stewart Monderer did an excellent job working with us to create a new look for Zaiq Technologies following our name change (from ASIC Alliance) in January this year. Our new logo will take us into the future as we continue to grow the Company."

The American Corporate Identity competition results in the publication of a book of graphic design pieces, edited by David E. Carter, author and lecturer on the subject of logos and corporate graphics. Nearly 4,000 entries were submitted in seven categories for this year's competition. The competition has become a highly regarded showcase of the best work in American identity graphics. Winners in previous competitions have included a wide range of work from large and small companies -- including work for such giants as AT&T and FedEx to small businesses that are literally "cottage" operations.

"I am honored that American Corporate Identity has chosen to recognize the work we've done with Zaiq Technologies," said Stewart Monderer, principal of Monderer Design. "In designing the logo for Zaiq, we tried to capture the true vision of the company. The Zaiq logo dots reflect speed, movement, and direction as well as the metaphorical messages of integration and communication, which Zaiq focuses its' business upon. In addition, the identity presents itself as an abstract "Z," while the two colors represent stability and innovation."

About Monderer Design
Since 1982, Monderer Design has been providing a complete range of award-winning corporate communication, and high-end graphic design and project coordination services to major corporations and not-for-profit organizations throughout North America. Monderer Design is a professional, collaborative, innovative and highly creative Cambridge-based visual design firm. The team combines skill, expertise and enthusiasm to create well-designed work that is targeted to clients' audience and is effective and sensitive to their needs and their message.

Monderer Design applies communications expertise to a wide range of materials, including annual reports, product and capability brochures, logo design and corporate identity standards, direct mail and web sites. Information about Monderer Design and the company's services is available by phone at 617-661-6125, by email at sm@monderer.com, or on the Internet at http://www.monderer.com.

About American Corporate Identity
The end result of the American Corporate Identity competition is a full-color, hard-bound annual distributed to more than sixty countries around the world. The book is published by Watson Guptill, and is distributed to more than 40 countries by Hearst Books International, a division of Harper Collins. More information can be found at http://www.americancorporateid.com

About Zaiq Technologies, Inc
Headquartered in Woburn, Mass., Zaiq Technologies, Inc. is a leading provider of total design engineering solutions for companies that develop complex telecommunications, networking and computer products. The Company's innovative domain-specific design methodologies enable the creation and integration of reusable IP. As a result, customers are able to achieve breakthroughs in the time-to-market and time-to-revenue delivery of complex systems. Information about Zaiq and its services are available by phone at 781-932-2442, by e-mail at info@zaiqtech.com or on the Internet at http://www.zaiqtech.com.

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Press Contacts:
Jim Pena  
Zaiq Technologies, Inc.  
781-721-8260  
pena@zaiqtech.com  

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